Tuesday, 26 March 2013

Things to Remember - Success Depends on This

Things to Remember

I thought I'll share with you my "Things to
Remember" Card. I have it laminated and I read it aloud to me daily. Human beings are by nature, very forgetful. We need to constantly keep reminding ourselves our destiny, goals, objectives and life purpose otherwise we get lost too easily.

It appears that we are so
forgetful that we need to constantly keep refreshing our memory. It is the only
way to remained focused and consistent. I don't know about you, but if I don't
remind myself my purpose, soon I don't even know where I am or where I come
from. We live in a universe of "Relativity" you need to know where
you are but you won't know that unless you know where you come from. I saw
Ernie tied a piece of string to remember when I was a kid. I
"Remember". I remember because it was funny and it was a strong
experience. And then since I've been constantly talking about that clip of
Ernie trying to remember, that I never forget it. I've found it on YouTube
Below the video you'll find the things I'd like myself to remember to do. It
keeps changing ever so slightly from time to time.

Note: If you know Robert (Smashin) and you would like to
know how he sounds like. Yes, he sounds exactly like Bert.

• Write
your trading plan. Write it print it and keep next to you for daily review.

• Keep a
trading journal with a. picture of every trade b. record observations (chart
analysis) and thought process (emotional analysis) before and after trade.

• Identify
Lowest Possible Risk Trades and Take Maximum Possible Gains. A Trading System
that is "Dangerous to Fade". PC

• Read Out
aloud your goals and objectives daily.

• Trade
your plan and plan your trades.

• Remember
to Identify the Trend before identifying entry setup.

• Remember
that Consistently Successful Trading is a Belief System which can be broken
into 7 sub-beliefs.

• Successful
Trading requires a belief system based on the Five Fundamental Truth about
Trading. (Read aloud daily Trading in The Zone Wall Note Mark Douglas)

• When in
doubt get out or don’t trade

• Repeat
your trading related Affirmations before Each Session.

• Consistently
Complete your LOA Processes:

o Gratitude
– Start your day with gratitude. Be grateful for what-is

o Visualize
– Visualise your goals as if you’ve already achieved them. Start from only 3
minutes a day and expand to 10-15min daily.

o Activate
Your Subconscious before Sleep – End your day with feeling grateful, joyful and
happy and repeat the day in reverse manner. Repeat the things in a manner you
would like them to happen.

• Remain
highly focused yet relaxed during trading. Do not play with charts, templates
or webpages during trading. Don’t let Chatrooms distract you or affect your
analysis and trading decisions.

• Keep One
Template and Stick with it

• Always be
truthful to yourself and others

• Stay
Focused yet Relaxed

• Breath –
Breath – Breath: Remember to take deep slow breaths. Deliberately bring your
attention to your breathing. This will bring you back to the NOW Moment of
Opportunity.

• Trust the
Market. Trust Yourself. Trust you will know when it’s time to act. Trust that
the market will tell you when it’s a setup and it’s time to take action. Have
Faith.

• “A double
minded man is unstable in all his ways”. Remain Focused and Decisive.

• By
placing new I AM’s into my imagination, my future dreams are a present fact.

• You trade
for yourself, you are responsible for your performance and you answer to no
one. All that matters is how you trade and consistently grow your account.

• Think
Long Term. Trading is a process of 10,000 trades. Don’t let any single trade
take you to state of euphoria or depression. Remain Joyful no matter what.
Because as long as you trade a strategy based on an edge you will grow your
account gradually trade by trade, day by day, month by month. Trading is a
Business.

• Remained
Disciplined and Patient at all times. Trading is a job of waiting for your
Setup (The Edge) to appear. Act without hesitation or reservation when you have
“Objectively” identified your Setup/Edge. Timing is important.

• Visualise
your goals as current reality in your prayers and before sleep.

• “I am the
master of my thought”. “I am a consistently successful trader” “I am a money
magnet and money comes to me effortlessly and easily” Keep repeating that to
yourself, aloud if possible, once an hour during trading.

• Remember
you are a magnet and your inner self when re-arranged correctly, makes you a
magnet that can attract all that you want.

• Energy
flows where your attention goes.

• High
probability trades are breakouts in the direction of higher time frame trends.

If you want to be successful be prepared to do the little things that others are not willing to do. (John Assaraf)